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TERM OF THE DAY due diligence 1. General: Measure of prudence, responsibility, and diligence that is expected from, and ordinarily exercised by, a reasonable and prudent person under the circumstances. 2. Business: Duty of a firm's directors and officers to act prudently in evaluatingassociated risks in all transactions. 3. Investing: Duty of the investor to gather necessary information on actual or potential risks involved in an investment. 4. Negotiating: Duty of each party to confirm each other's expectations and understandings, and to independently verify the abilities of the other to fulfill theconditions and requirements of the agreement. Also called reasonablediligence. Find out how to use due diligence in a sentence. Learn more about this term Usage Example It is the lawyer's due diligence to look over the contract before the two companies finalize their merger.

TRIVIA OF THE DAY Choose the Right Answer: (A) Tweety  (B) Hedwig  (C) Larry  (D) Thunder  Original image provided by mkhmarketing. Image was altered by adding text. License

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